Soho House Considers $1.75 Billion Takeover Bid to Go Private

The offer, led by majority shareholder Ron Burkle, values the company at an 83% premium after years of public market struggles.

Soho House has received a $9-per-share takeover offer from a consortium backed by Ron Burkle and his investment firm, Yucaipa Companies, valuing the company at $1.75 billion.
The offer represents an 83% premium over the company’s recent share price, leading to a 60% surge in trading and its highest stock value in over a year.
This is the latest effort to take the company private after rejecting a previous bid in May, with Burkle arguing the public markets undervalue Soho House’s potential.
The company has struggled financially since its 2021 IPO, losing $590 million cumulatively, despite growing membership to 267,494 and reporting $333.4 million in quarterly revenue.
Soho House has faced criticism for losing its exclusivity as it expanded, with overcrowding and operational challenges impacting its luxury brand image.